Use online vat registration for quicker and secure vat registering

If you’re a trader based in the UK or any other EU country which has adopted vat as a medium of taxation then you should use online VAT registration for faster and secure vat registering checkvatnumber-com. Most countries have computerised their vat operations so you too should reduce effort and time by using all online vat services offered by your own vat department.

In the UK vat rules specify that you could apply for vat registration if your taxable sales rise over the vat threshold limit of £70,000 in the past 12 months or if you feel that they will do this over the following 30 days, even though you can still register even before your sales touch this figure. However, you can at present only complete basic vat online registration by filling and submitting vat form 1 online. This method is generally used by small establishments. If your business is a partnership firm, a group of companies, or plans to conduct business internationally then you can download and print all vat registration forms but will probably be needed to fill the form manually before sending it to the HM Revenue and Customs or hmrc vat department.

If you plan to go in for online vat registration in another eu country which has adopted vat then you will have to first study all applicable vat rules before you register your organization online. In case you have trouble in deciphering uk vat or eu vat rules then its better if you appoint a vat agent or perhaps a customs and excise customs vat agent in case you intend to conduct your small business on an international level. This may enable you to remain safe while following all vat rules in different countries with falling foul of any department.

Once you send your vat online registration form to your hmrc department then you’ll receive a vat questionnaire within 15 days that will require additional details to be submitted such as your organization address, telephone and fax numbers, banking account numbers, and a lot of other details connected to your business together with a few purchase and sales invoices.

As soon as your application is eligible then you will receive your vat number and you will now have to alter your invoicing approach to issue vat invoices for all your sales. This vat invoice will need to display your vat no, vat rate, vat amount and also the same will also need to be shown in your vat returns which will need to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK there are 3 different types of vat rates applicable for all goods and services. The standard vat rates are 17.5% that’s set to raise to 20% from January 4, 2011 onwards. There’s a reduced vat rate of 5% and a zero vat rate on specific services and goods that will remain the same. There are also certain products or services that are vat exempt. However, the vat rates are different in each eu country although the basic concept of charging vat tax remains the same in all vat enabled countries.

If you wish to register your organization for vat then going on the internet will help save time and also allow you to securely complete the required process needed for vat registration. You ought to simply log on to the hmrc vat department if your business is based in the UK or ask your vat agent to do so on your behalf before using online vat registration to have registered as a vat dealer without any problem.